June Durable Goods Orders Rose, up 10.1% YOY

New orders for durable goods--products meant to last at least three years--rose 1.9% in June to a seasonally adjusted $272.6 billion, the Commerce Department said Wednesday. The increase was seen across most categories, including motor vehicles and military aircraft.

Overall orders for durable goods--which include factory equipment, computers and washing machines--increased in eight of the past nine months through June, indicating continued solid demand from businesses and consumers.